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ICIG buyout of Ineos assets faces June 9 EU review deadline

By Sille Ruubel and Dafydd Nelson ( April 30, 2015, 12:29 GMT | Insight) -- International Chemical Investors Group is seeking EU approval to buy PVC plants and other assets that Ineos agreed to divest to win clearance for a polyvinyl chloride venture with Solvay. The EU regulator has set an initial June 9 deadline to review the buyout. Ineos and Solvay need the European Commission to clear the sale to ICIG before they can complete their PVC joint venture.International Chemical Investors Group is seeking EU approval to buy PVC plants and other assets that Ineos agreed to divest to win clearance for a polyvinyl chloride venture with Solvay. The EU regulator has set an initial June 9 deadline to review the buyout....

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